GAM Holding has appointed Albert Saporta as Group Chief Executive Officer effective 1 July 2025, succeeding Elmar Zumbuehl who will remain with the business until 31 December 2025 to support the transition. Tim Rainsford meanwhile, is returning to the firm as Group Chief Distribution Officer on 1 October 2025.
According to a press statement, these leadership changes reflect that GAM has “successfully transformed and is now well positioned for growth”. Under Zumbuehl’s leadership, the company has undergone a comprehensive repositioning over the last 21 months – divesting non-core businesses, and rebuilding a scalable platform designed to attract and empower top investment talent and better connect them to clients worldwide through a global distribution and client servicing network.
Saporta has over 40 years of experience in investment management – 30  in the hedge fund space – and has served as Global Head of Investments & Products at GAM since October 2023.
Drawing on GAM’s pioneering heritage, combining internal and external investment talent, Albert Saporta has been instrumental in strengthening GAM’s investment team line-up and entering into multiple new partnerships with best-in-class investment managers. GAM is strongly positioned to provide clients with access to differentiated investment strategies across asset classes.
Rainsford brings extensive experience in leading global distribution functions focused on growth and delivering for clients. He was CEO of Generali Investments Partners, and latterly, Chief Product and Distribution Officer for Generali Asset Management.
Rossen Djounov, Global Head of Client Solutions, will remain a senior member of the distribution leadership team, reporting to Tim, with a focus on driving growth initiatives and deepening strategic client relationships.
